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InvestingScope

EURGBP: Preparing a strong rebound.

Long
Euro / Sterlina (FX_IDC:EURGBP)  
InvestingScope  
FX_IDC:EURGBP   Euro / Sterlina
Trend Analysis Chart Patterns Technical Indicators EURGBP Forex EUR GBP euro britishpound forextrading currency currencytrading
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trendanalysis chartpattern indicator eurgbp forex eur gbp euro britishpound forextrading currency currencytrading
The EURGBP pair is currently on the 1D MA50, trading inside a long term Channel Up for more than 1 year. The 1D technicals are neutral (RSi = 51.179, MACD = 0.000, ADX = 27.770) meaning that this level is gradually turning into a buy opportunity inside the Channel Up. Every rally made at least a 5.00% rise, so we are targeting the top of the Channel (TP = 0.91250).


Prior idea:

EURGBP: Last sell before the long term buy

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